Ammonium Nitrate Market: Global Foresight, Competitive Landscape, Regional Analysis, and Forecast to 2023


Posted September 19, 2018 by harishsomani321

Ammonium Nitrate Market is driven by increasing scope in various end-use industries like agriculture, building & construction, mining, quarry through 2018 to 2023

 
Overview:
Ammonium nitrate, a salt of ammonia and nitric acid is a colorless and nearly odorless chemical compound. It is commercially available in a crystalline solid form and can be processed into prills for specific applications. It is soluble in water. It is generally used to make explosives, fertilizers, and as nutrient while producing antibiotics and yeast. Ammonium nitrate is hygroscopic in nature and readily absorbs moisture from the air, so it is generally stored in an air-conditioned warehouse or in sealed bags. It is a prominent fertilizer as the nitrate form present in the compound moves readily with soil water to the roots, where it is immediately available for the plant uptake. Moreover, it is utilized in food preservation as it can make an instant cold pack.
Intended Audience:
• Ammonium Nitrate manufacturers
• Traders and Distributors of ammonium nitrate
• Production Process Industries
• Potential Investors
• Raw Material Suppliers
• Nationalized Laboratory
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Industry Related News:
In, January 29, 2018 - The output of commercial products by URALCHEM’s plants in 2017 amounted to 6.3 million tons, which is a 4% (258 thousand tons) increase year-on-year. The production of ammonium nitrate and its derivatives, and ammonia in general, remained at the high level achieved in 2016. Urea output increased by 6% due to quick repairs of urea units at the Azot and PMF Branches. The production of complex fertilizers grew by 16% because of higher daily output at JSC Voskresensk Mineral Fertilizers.
Regional Insight:
The Global Ammonium Nitrate Market is divided across five regions; Latin America, North America, Asia Pacific, Europe, and the Middle East & Africa.
Among these, Asia Pacific is estimated to grow with the highest CAGR during the forecast period, 2017 to 2023, on account of the expansion of various end-use industries such as agriculture, construction, and mining industry among others. The demand for ammonium nitrate is predicted to surge in various countries of Asia Pacific such as Bangladesh, China, Japan, India, South Korea, Vietnam, and Malaysia on account of increasing consumer base along with favorable government regulations.
Furthermore, rising construction activities, availability of inexpensive raw material, labor & land, and soberly stringent regulatory framework are some of the important factors for the regional growth of ammonium nitrate market during the assessment period.
Segmentation:
The Global Ammonium Nitrate Market is categorized on the basis of application, end-user, and region.
Basis of application, the market is categorized into explosives, fertilizers. Among the application segment, the fertilizer sub-segment accounted for more than 56% market share in 2016 due to rising need for fertilizer to meet the growing demand for food.
By region, the market is segmented into Asia Pacific, Europe, Latin America, North America, and the Middle East & Africa.
On the basis of end-user, the market is segmented into construction, mining, quarry, agriculture,
Key Competitors:
The top players available in the Global Ammonium Nitrate Market are, Incitec Pivot Ltd. (Australia), Neochim Plc (Bulgaria), URALCHEM JSC (Russia), Yara International ASA (Norway), OSTCHEM (Austria), Orica Ltd. (Australia), Enaex (Chile), Vijay Gas Industry Pvt. Ltd (India), EuroChem Group AG (Switzerland), CF Industries Holdings, Inc. (U.S.), San Corporation (China), Austin Powder (U.S.), Abu Qir Fertilizers and Chemicals Company (Egypt), and Fertiberia SA (Spain).
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Last Updated September 19, 2018